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Mortgage Rates Climb Above 6% for First Time Since 2008

Persistent inflation has led long-term U.S. interest rates to a peak unseen since the housing crisis. So reports CNN.

arrow 2790272 640The average on the 30-year fixed-rate mortgage in the week ending September 15, rose 13 basis points to 6.02%, according to Freddie Mac.

That’s up from 2.86% at the same time last year, and it’s the highest level since fall 2008.

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